Boxlight Corporation has amended and restated its Inventory Finance Agreement with J.J. Astor & Co., increasing its financing capacity. Under the revised terms, Boxlight can now finance up to 80% of the purchase price for certain finished goods inventory, with the aggregate outstanding amount raised to $9 million, a $3 million boost from the original agreement. Each financing advance remains payable within 90 days at a rate of $1.0535 per $0.80 advanced. The agreement now extends through November 3, 2026, unless mutually extended or terminated earlier. Additionally, J.J. Astor & Co. retains the option to convert amounts owed into Boxlight common stock and may require the registration of such shares for public resale.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Boxlight Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-108493), on November 07, 2025, and is solely responsible for the information contained therein.
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